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September 2008


Response to the FRC's consultation on proposals for future arrangements for funding the FRC's activities in relation to accounting, auditing and corporate governance.

The Exchange has responded to this consultation. Whilst we support the work of the FRC, we raise concerns about the scale of the increases in the business levy and the consequent impact on quoted companies (particularly in terms of the potential for triple-charging and the effect on the overall cost of raising capital). We also query the basis for the proposals to replace income lost by dint of the removal of Government funding. Consequently, we request a wholesale review of the funding arrangements to create a level playing field for charging purposes.

Downloads

LSE response to FRC core funding proposals (pdffile pdf - 63 KB)

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